Financial Daily from THE HINDU group of publications
Saturday, June 15, 2002
Markets (June 14)
BL 2501155.86 (+4.87)
BSE Sensex3312.07 (+0.91)
S&P CNX Nifty1085.70 (+2.85)
Dollar (Buy/Sell)48.96/49.09
Gold Std (10 gm)5230

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SAB close to buying stake in Shaw Wallace
THE $4.2-billion South African Breweries Plc has moved a step closer to buying a stake in the Jumbo Group-controlled Shaw Wallace & Co Ltd's beer business. The top officials of SAB India Ltd met with Jumbo Group management in Dubai earlier this ... More

Draft agreement to be modified -- Govt willing to let SCI stake fall below 26 pc
THE Union Government is willing to let its shareholding in Shipping Corporation of India (SCI) fall below 26 per cent after the proposed strategic sale by agreeing to offload requisite number of shares from its residual holding to keep the ... More

L&T net down 25% in Q4
LARSEN & Toubro Ltd (L&T) today reported a 10.07 per cent rise in net profit to Rs 346.8 crore for the year ended March 31, 2002, as against Rs 315.06 crore in the corresponding period last year. Its board has recommended a dividend of Rs 7 per ... More

Barista `brewing' Rs 100-cr turnover
THE brew is frothing. About one year after Tata Coffee Ltd acquired a strategic 34.3 per cent equity stake in Barista Coffee Company (BCC), the latter has formulated its target. The country's fastest growing coffee retail chain, eight per cent ... More

Jalan happy with PSB performance
THE Reserve Bank Governor, Dr Bimal Jalan, today expressed satisfaction at the performance of public sector banks. Talking to reporters after a meeting with the Union Finance Minister, Mr Yashwant Sinha, to review the performance of public ... More

Ciba Specialty among 36 FDI plans cleared
THE proposal of Ciba Specialty Chemicals (India) Ltd to increase foreign equity by raising the stake of its Swiss parent Ciba Specialty Chemicals Holdings, from the present 40 per cent to 89 per cent involving fresh investments worth Rs 71.58 ... More

These scientists start young
GUESS what Akshat Singhal, a high school `scientist', is doing this summer? A paid internship with Agilent Technologies in New Delhi. Seventeen years old and in Class 11, Singhal may be one of the youngest interns a computer major has taken on, ... More

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Top Stories
After fairness creams, HLL, CavinKare in shampoo war

Nidhis told to attach balance sheet in application forms

SAB close to buying stake in Shaw Wallace

Infosys ties up with ADA for defence software: Exclusive team to market Autolay

Rising egg prices, exports buoy TN poultry sector

Kalam: An odyssey that does not end

In Depth
Gender Justice
Simple Economics
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Looking back
Jun. 2-Jun. 8
Exports recover, up 18% in April

Petrol price hike likely on Monday

Rs 1,000 - cr private placement -- CVC to look at UTI's Reliance exposure

Rs 9,063-cr shortfall in tax revenue -- Fiscal deficit overshoots target by Rs 4,490 crore

Govt hikes petrol, diesel prices; cuts excise duty

War fears delay Bharti, Data Access ILD plans

Visa troubles cause worry in travel, tourism industry

ORG pegs BPL on top; LG differs

`Dramatic turnaround' for Tata Engg in Q4

Uncle Sam to look over students' shoulders

Projects facing time overruns must be treated as NPAs: RBI

West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships

Indian promoters of pvt banks can hold 49 pc

BoI to cut 5,000 more jobs -- Second VRS in another 3 months

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